According to FutureWise analysis, the self-care medical devices market in 2025 is US$ 24.69 billion, and is expected to reach US$ 43.38 billion by 2033 at a CAGR of 7.3%. The rise in this sector is driven by heightened health awareness, an aging demographic, and the growing occurrence of chronic illnesses like diabetes and hypertension. Innovations in wearable technology, remote monitoring systems, and accessible diagnostic kits are enabling people to take charge of their health in a more proactive and independent manner.
Self-care medical devices are utilized by individuals without the need for direct physician involvement. These devices encompass a variety of products, including nasal sprays, throat lozenges, dental implants, and contact lenses. They play a crucial role in monitoring essential health parameters such as daily blood glucose levels, blood pressure, and body temperature. The market now offers a range of advanced self-care medical devices, including smart tracking technologies and wearable devices like wristwatches that can monitor heart rate, daily walking distance, and sleep duration. A key benefit of these devices is their cost-effectiveness, which also diminishes the need for patients to visit healthcare facilities for minor medical issues.
The growth of the self-care medical devices market has been significantly driven by the rising prevalence of chronic diseases. These devices enhance patient adherence to treatment regimens and support better disease management. Recent technological advancements have led to the creation of innovative tracking systems for real-time health condition monitoring. Additionally, growing awareness among the general population about the benefits of self-care medical devices has further fueled market expansion. The self-care medical devices market is anticipated to experience steady, single-digit growth during the forecast period.
FutureWise Market Research has published a report that provides an insightful analysis of Self-Care Medical Devices Market trends that are affecting the overall market growth.
Request a Free Sample @ https://www.futurewiseresearch.com/contact.aspx?rpt=102&type=requestsample
Self-Care Medical Devices Market Segmentation:
By Type
- Blood Glucose Monitors
- Blood Pressure Monitors
- Body Temperature Monitors
- Nebulizers
- Pedometers
- Pregnancy/Fertility Test Kits
- Sleep Apnea Monitors
- Heart Rate Monitors
- HIV Test Kits
- Others
By End User
- Geriatric
- Paediatrics
- Adults
- Pregnant Women
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Competitive Landscape in Self-Care Medical Devices Market:
- Medtronic
- Depuy Synthes
- Fresenius Medical Care
- Philips Healthcare
- GE Healthcare,
- Siemens Healthineers,
- Cardinal Health
- Stryker
- Koninklijke Philips N.V.
- Bayer HealthCare LLC
- General Electric Company
- F. Hoffmann-La Roche AG
- Johnson and Johnson
- ResMed, Inc.
- Omron Healthcare, Inc.
- Martifarm Ltd.
- OraSure Technologies, Inc.
Recent developments by key players in Self-Care Medical Devices Market:
Omron Healthcare
Omron is setting up its inaugural manufacturing facility in Chennai, India, to cater to the growing demand for blood pressure monitors, which have seen a recent doubling in penetration, now at 6%, in light of escalating hypertension rates. Additionally, the company is collaborating with policymakers to create prescription protocols, which will allow physicians to recommend devices in a more organized manner.
Medtronic
Medtronic has announced plans to spin off its diabetes division into a separate publicly traded company within the next 18 months. This restructuring will enable Medtronic to focus more on its more profitable segments, which include cardiovascular, neuroscience, and surgical devices. The new diabetes-focused company will be headquartered in Northridge, California, and will employ approximately 8,000 people.
Buy now the latest version of this report: https://www.futurewiseresearch.com/checkout.aspx?ReportId=102&license=multi
**Objectives of this Study: **
- To provide a comprehensive analysis of the Self-Care Medical Devices Market By Type, By End-User and By Region.
- To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
- To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
- To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Flexible Delivery Model:
- We have a flexible delivery model and you can suggest changes in the scope/table of contents as per your requirement
- The customization services offered are free of charge with the purchase of any license of the report.
- You can directly share your requirements/changes to the current table of contents to: sales@futurewiseresearch.com
